Maharashtra Seamless board has approved buyback at maximum Rs 300 per share, reports CNBC-TV18.
At 09:18 hrs Maharashtra Seamless was quoting at Rs 233, up Rs 18.05, or 8.40 percent. It has touched an intraday high of Rs 236 and an intraday low of Rs 225.45.
It was trading with volumes of 13,402 shares. In the previous trading session, the share closed up 3.67 percent or Rs 7.60 at Rs 214.95.
The share touched its 52-week high Rs 398.95 and 52-week low Rs 199.05 on 10 April, 2012 and 26 February, 2013, respectively. Currently, it is trading 41.6 percent below its 52-week high and 17.06 percent above its 52-week low. Market capitalisation stands at Rs 1,643.43 crore.
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